Goldman Sachs analyst Ryan Nash maintains $American Express (AXP.US)$ with a buy rating, and maintains the target price at $300.
According to TipRanks data, the analyst has a success rate of 67.3% and a total average return of 10.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $American Express (AXP.US)$'s main analysts recently are as follows:
The trading of American Express is perceived to be at the higher end of its valuation spectrum, accompanied by a modest potential for upward revision in estimates. With the consensus already embedding a 15% annual growth up to 2026, which aligns closely with an optimal scenario, the potential for significant gains seems constrained given the deceleration in sales growth. Analysts suggest that investors should consider strategically realizing gains within the consumer finance sector.
The expectation is for a spirited third-quarter earnings season for specialty finance companies, with the Federal Reserve's rate cut and consumer credit stress expected to be at the forefront, potentially impacting projections. A significant emphasis is anticipated on the outlook for net interest income in light of declining rates. It is suggested that many in the sector could experience pressure due to the nature of their asset-sensitive balance sheets.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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